The big banks, independent robos and other digital CFO offerings have a long way to go. But they are coming for you.

The asset manager said it’s seeking a head of ETF capital markets

Focus Financial Partners spent much of its second fiscal quarter earnings call Thursday addressing questions about the company’s leverage ratio.

The move comes as European rivals invest in wealth management while slashing tens of thousands of trading jobs.

Since 2015, Fidelity has been defaulting client cash in retail brokerage accounts to their U.S. government money market fund. Today, they took the opportunity to compare that default cash yield to competitors'.

Details have emerged about the broker/dealer network’s retention packages, which include five-year lockups for advisors with over $600,000 in production—and nothing for sub-$250,000 producers.

Kestra Financial, the Austin, Texas-based corporate RIA, said Tuesday that it has added Alpha Wealth Advisors of Glen Allen, Va., to its platform.

ETFs are largely passively managed, but the index providers they rely on vary, even within the same markets.

Many advisors have trained their clients to expect the kind of market volatility seen Monday. And while most aren’t making any sudden movements, some are tweaking asset allocations.

The CRM provider completed an integration previously in beta and is improving its data security following a breach earlier this year.